Rio de Janeiro's Petrochemical Complex (COMPERJ), the largest industrial undertaking in the history of Petrobras and Brazil, is expected to see a total outlay of US$8.5 bln. COMPERJ is expected to come on stream in 2012 and to be completed in 2013, and will mark Petrobras' return to the petrochemical sector in grand style.
Owing to the joint operation involving Petrobras, Grupo Ultra, BNDES, and possibly some minority shareholders, COMPERJ will have the processing capacity for 150,000 bpd of Brazilian heavy oil. In a single industrial complex, it will bring together a basic petrochemical unit (for the production of basic petrochemical products including ethylene, propylene, benzene, and paraxylene); a series of second-generation units (which will transform the basic products into petrochemical products such as styrene, ethylene glycol, polyethylene, polypropylene, and PTA); and a Utilities Plant (responsible for supplying water, vapor, and electrical energy for the whole complex).
COMPERJ, intends to increase Brazil's heavy oil refining capacity, to curtail import requirements of naphtha and petrochemical products, to produce second-generation products for the internal and external markets, and to revolutionize the socio-economic profile of the complex's entire sphere of influence.